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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

505373

Report Date :

03.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MYAKAN KNITS (INDIA) PRIVATE LIMITED

 

 

Registered Office :

Village: Bhattian, Near Sacred Heart Convent School, GT Road (West), Ludhiana – 141008, Punjab

Mobile No.:

91-9814415444 (Mr. Pawan Deenanath Khurana)

Website :

Not Available

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

09.03.2010

 

 

Com. Reg. No.:

53-033679

 

 

Capital Investment / Paid-up Capital :

INR 50.738 Lacs

 

 

CIN No.:

[Company Identification No.]

U17299PB2010PTC033679

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

03AAGCM3997H1Z8

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAGCM3997H

 

 

Registration Number and Date:

030091104773  Date 07.12.2012

 

 

SSI Reg. No.:

--

 

 

Shop & Establishment Certificate No.:

--

 

 

Udyog Aadhaar No.:

--

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing of Knitted Clothes.

 

 

No. of Employees :

60 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2010. It is a manufacturer of Knitted Clothes.

 

For the financial year 2017, the company has achieved 33.85% growth in its revenue as compared to previous year revenue along with average profit margin of 2.53%.

 

The rating takes into consideration the satisfactory financial profile of the company marked by comfortable networth base along with negligible debt level.

 

Business is active. Payment seems to be usually correct.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions.

 

Note: Site Visit was conducted at the address- Near Sacred Heart Convent School, Village Bhatlian GT Road, Ludhiana, 141008 and our executive has successfully traced the subject.

 

At the premises, our executive met Mr. Madan Mohan Joshi (Account Manager).

 

During the site visit, our executive enquired with neighbour companies Mona Appral (Mr. Vishavjeet Singh) and Palta Hosirey (Mr. Mohan) and they confirmed that subject is situated on the address.

 

As per our executive’s observation, it is a 3 storey building and subject situated on the ground floor. Location was easy to find and locality appears to be industrial. Area seems to be neutral. Level of operation is medium. Total area of premises is 2576 (sq. ft.) and 60 employees were sighted at the premises.

 

Name board of the subject was not sighted.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2016.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 03.05.2018

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

INFORMATION PARTED BY

 

Name :

Mr. Pawan Deenanath Khurana

Designation :

Director

Contact No.:

91-9814415444/8872400362

Date :

26.04.2018

 

 

LOCATIONS

 

Registered Office :

Village: Bhattian, Near Sacred Heart Convent School, GT Road (West), Ludhiana – 141008, Punjab, India

Tel. No.:

Not Available

Mobile No.:

91-9814415444 (Mr. Pawan Deenanath Khurana)

91-9814701496 (Mr. Sanjeev Arjun Dev Sikri)

91-8872400362 (Office)

Fax No.:

Not Available

E-Mail :

pawankhurana46@gmail.com

sanjeev.sikri@ymail.com

myakan@rediffmail.com

Area:

2576 (Sq. Ft.) (As per Site Visit)

Locality:

Industrial (As per Site Visit)

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Pawan Deenanath Khurana

Designation :

Director

Address :

House No 92-C, C-Block, Kitchlu Nagar, Ward No. 54, Ludhiana -141001, Punjab, India

Date of Birth/Age :

01.02.1973

Date of Appointment :

09.03.2010

DIN No.:

02912044

PAN No.:

AJJPK2555J

Aadhaar Car No.:

9667 3705 9847

 

 

Name :

Mr. Sanjeev Arjun Dev Sikri

Designation :

Director

Address :

Plot No 690, Sector-33, Urban Estate, Chandigarh Road, Samrala Road, Ludhiana-141002, Punjab, India

Date of Birth/Age :

22.12.1968

Date of Appointment :

09.03.2010

DIN No.:

02912061

PAN No.:

ABHPS3507N

Aadhaar Car No.:

4012 0282 9891

 

 

KEY EXECUTIVE

 

 

Name :

Mr. Deenanath Khurana

Designation :

Karta

Address :

House No. 2841, Chandigarh Road, Ward No. 10, Sector 32 A, Ludhiana-141010, Punjab, India

Date of Birth/Age :

07.01.1943

PAN No.:

BNQPK5102B

Aadhaar Car No.:

4036 4671 2508

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Pawan Khurana

225587

44.46

Sanjeev Sikri

111788

22.03

Khurana Family Trust, India

170000

33.51

Total

507375

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 25.09.2017

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

66.49

Promoters- Others

33.51

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Knitted Clothes.

 

 

Products / Services :

Name and Description of main products / services

NIC Code of the Product/service

Tufted Textile Fabrics

58023000

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Selling :

Local: Cash, Credit and L/C

 

 

Purchasing :

Local: Cash, Credit and L/C

Overseas: L/C

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :
  • Aadi Knit Fab
  • Amco Enterprises Private Limited
  • Akash Knitwears
  • Amit Enterprises
  • BJS International
  • Foil Printers
  • First Flight Couriers Limited
  • Gautam Fabrics
  • Heemali Udyog
  • Jindal International
  • R K Computers
  • Sahib Impex
  • Shree Vallabh Knits
  • Vee Ess Yarns

 

Reference :

Vallabh Knitwears 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Wholesalers, Retailers, End Users

 

  • Monte Carlo Fashions Limited, Ludhiana
  • Unimax Apparels, Ludhiana
  • Classic Casual Private Limited, Kolkata
  • Adarsh Enterprises
  • Aditya Overseas
  • Aariz Processors
  • Arora Apparels
  • Amit Enterprises
  • Cotton Club Private Limited
  • D G Farics
  • Dorex Knitwears
  • Dhriv Creations
  • Gambhir Garments
  • Jini Knits Fabrics
  • Kartar Exports

 

Reference :

Kavita International

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

60 (Approximately)

 

 

Bankers :

Banker Name :

HDFC Bank Limited

Branch :

1284/95, Sunder Nagar Chowk, Ludhiana - 141007, Punjab, India

Branch Code:

000606

Person Name (With Designation) :

Mr. Pardeep Chopra

Contact Number :

91-9316891712

Email:

Pardeep.chopra@hdfcbank.com

Name of Account Holder :

MYAKAN KNITS (INDIA) PRIVATE LIMITED

Account Number :

50200024632832

RTGS/NEFT/IFSC Code:

HDFC0000606

MICR :

141240005

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Type Account:

Cash Credit

Remark :

--

 

  • HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India

 

 

Facilities :

(INR In Lacs)

SECURED LOAN

As on

31.03.2017

As on

31.03.2016

LONG TERM BORROWING

 

 

Term loans

From Bank

Allahabad Bank – Term loan

(Secured against hypothecation of the machinery and personal guarantee of all the directors)

(Repayable in monthly installment and ROI between 11-10-11.60)

29.724

64.875

Vehicle Loans (00029069475)

ICICI Bank – Car loan 

(Secured against hypothecation of the vehicle  and personally guaranteed of all the directors)

(Repayable in monthly installment and ROI between 10-92-11.00)

0.998

0.752

SHORT TERM BORROWING

 

 

Working capital loans from banks: Allahabad Bank

(Secured against hypothecation of the current assets and personally guaranteed of all the company)

15.757

389.255

Total

46.479

454.882

 

 

Auditors :

 

Name :

Gupta Vigg and Company

Chartered Accountants

Address :

101 Kismat Complex, GT Road, Miller Ganj, Ludhiana- 141003, Punjab, India

Tel. No.:

91-161-2532297/25351561

PAN N Income-tax PAN of auditor or auditor's firm :

AAEFG0353Q

Membership No.:

502737

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 25.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750000

Equity Shares

INR 10/- each

INR 75.000 Lacs

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

507375

Equity Shares

INR 10/- each

INR 50.738 Lacs

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Lacs]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2017

31.03.2016

31.03.2015

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

50.738

50.738

50.738

(b) Reserves & Surplus

237.266

157.227

127.086

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

288.004

207.965

177.824

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

256.777

299.007

302.364

(b) Deferred tax liabilities (Net)

1.044

1.464

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

257.821

300.471

302.364

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

15.757

389.255

301.764

(b) Trade payables

698.179

373.041

440.176

(c) Other current liabilities

123.692

91.967

127.313

(d) Short-term provisions

45.000

7.500

15.250

Total Current Liabilities (4)

882.628

861.763

884.503

 

 

 

 

TOTAL

1428.453

1370.199

1364.691

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

344.935

374.999

310.186

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.737

0.513

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1.000

1.000

1.000

(c) Deferred tax assets (net)

0.000

0.000

5.365

(d)  Long-term Loan and Advances

1.300

3.524

8.509

(e) Other Non-current assets

2.306

2.306

0.853

Total Non-Current Assets

349.541

382.566

326.426

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

218.090

159.464

413.960

(c) Trade receivables

807.100

790.357

517.284

(d) Cash and cash equivalents

23.155

19.274

92.364

(e) Short-term loans and advances

3.397

3.596

1.593

(f) Other current assets

27.170

14.942

13.064

Total Current Assets

1078.912

987.633

1038.265

 

 

 

 

TOTAL

1428.453

1370.199

1364.691

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

3202.252

2392.516

2589.333

 

Other Income

10.155

17.895

0.356

 

TOTAL

3212.407

2410.411

2589.689

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

2286.088

1452.839

2119.082

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

0.544

261.988

(201.312)

 

Employees benefits expense

111.387

86.776

70.535

 

Other expenses

572.945

425.228

431.178

 

TOTAL

2970.964

2226.831

2419.483

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

241.443

183.580

170.206

 

 

 

 

 

Less

FINANCIAL EXPENSES

54.102

66.835

73.353

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

187.341

116.745

96.853

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

61.643

71.725

64.921

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

125.698

45.020

31.932

 

 

 

 

 

Less

TAX

44.580

14.329

9.885

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

81.118

30.691

22.047

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

123.227

93.086

72.076

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Appropriations

0.000

0.000

0.372

 

Income tax adjustment for earlier year

1.079

0.550

0.665

 

Balance Carried to the B/S

203.266

123.227

93.086

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

15.99

6.05

4.35

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

47.790

54.160

52.469

 

 

 

 

Cash generated from operations

NA

NA

NA

 

 

 

 

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

92.00

120.58

72.92

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.97

3.03

5.01

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

111.47

93.72

75.82

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.11

1.15

0.41

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.70

0.49

0.55

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.83

0.89

0.91

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

1.11

3.57

3.69

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

3.06

4.14

4.97

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

1.20

1.81

1.75

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

4.46

2.75

2.32

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

2.53

1.28

0.85

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

5.68

2.24

1.62

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

28.17

14.76

12.40

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.22

1.15

1.17

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.98

0.96

0.71

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.20

0.15

0.13

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

6.31

14.63

12.94

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.22

1.15

1.17

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are INR Lacs]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Lacs

INR In Lacs

INR In Lacs

Share Capital

50.738

50.738

50.738

Reserves & Surplus

127.086

157.227

237.266

Share Application money pending allotment

0.000

0.000

0.000

Net worth

177.824

207.965

288.004

 

 

 

 

long-term borrowings

302.364

299.007

256.777

Short term borrowings

301.764

389.255

15.757

Current Maturities of Long term debt

52.469

54.160

47.790

Total borrowings

656.597

742.422

320.324

Debt/Equity ratio

3.692

3.570

1.112

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR In Lacs

INR In Lacs

INR In Lacs

Sales

2589.333

2392.516

3202.252

 

 

(7.601)

33.845

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Lacs

INR In Lacs

INR In Lacs

Sales

2589.333

2392.516

3202.252

Profit

22.047

30.691

81.118

 

0.85%

1.28%

2.53%

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

Yes

5

Buyer visit details

Yes

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOANS:

(INR In Lacs)

Particulars

As on

31.03.2017

As on

31.03.2016

LONG TERM BORROWING

 

 

Directors and their relatives

 

 

Alka Sikri

33.360

28.233

Monika Khurana

20.966

34.434

Parveen Sikri

0.500

0.500

Pawan Khurana – HUF

38.565

35.091

Sanjeev Sikri– HUF

9.669

8.798

Sarla Sikri

0.180

0.180

Dina Nath Khurana

25.066

22.808

Pushpa Khurana

4.800

4.800

Sonia Khurana

14.973

13.903

Tulsi Khurana – HUF

9.630

8.762

Nirmala Devi

1.000

1.000

Prashant Prashar

0.250

0.250

Poonam Jain

0.600

0.600

Sanjeev Kumar

1.050

1.050

Upender Vatsyan

0.500

0.500

Pawan Khurana

27.923

42.274

Sanjeev Sikri

13.447

8.170

Tulsi Sikri

16.576

15.027

Chanchal Bhatia

7.000

7.000

Total

226.055

233.380

 

 

INDEX OF CHARGE:

 

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

AMOUNT

ADDRESS

1

G45413457

100101596

HDFC BANK LIMITED

19/04/2017

-

47750000.0

HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN

2

C58569856

10219959

ALLAHABAD BANK

20/05/2010

16/06/2015

58709000.0

CLOCK TOWERLUDHIANAPB141001IN

 

 

 

 

FIXED ASSETS:

 

 

 

OBSERVATION POINTS

 

Name of Company :

MYAKAN KNITS (INDIA) PRIVATE LIMITED

 

 

Address :

Village: Bhattian, Near Sacred Heart Convent School, GT Road, Ludhiana – 141008, Punjab, India

 

 

Mobile No.:

91-9915869999

 

 

Email :

mmjoshi.35@gmail.com

 

 

Person to whom we met:

Name: Mr. Madan Mohan Joshi Designation : Account Manager

 

 

Name Board :

Not Sighted

 

 

Location:

Easy

 

 

Landmark (If Any):

Sacred Heart Convent School

 

 

Total Floors of the building:

3 Floors

 

 

Subject situated on:

Ground Floors

 

 

Locality:

Industrial

 

 

Area of premises :

2576 (Sq. Ft.)

 

 

Area :

Neutral

 

 

Level of operation :

Medium

 

 

Details of hypothecation signboard (If Any) (As displayed in factory / work) :

 

 

 

No. of employees seen at premises:

60

 

 

Visibility of Items:

·         Telephone

·         Computers

·         Air Conditioner

·         Office Equipment

·         Xerox Machine

 

 

Furniture items sighted :

Table, Chairs

 

 

Neighbour’s interview :

Name of Company: Mona Appral

Contact person name : Mr. Vishavjeet Singh

 

Name of Company: Palta Hosirey

Contact person name : Mr. Mohan

 

 

Neighbour’s overview :

Existence confirmed 

 

 

Proof of visit:

Photographs

 

 

Photographs:

Interior /Shop Floor/ Stock, etc.

 

 

Details of the person conducting visit:

 

Name

Mr. Jasmeet Singh

Designation:

Field Executive

Contact No.

91-7973558879

Date:

27.04.2018

 

    


PICTURES

 

 

  

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report (as on 03.05.2018) (date of report):

 

            No press reports / filings exists on the subject.

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

VAR

 

 

Report Prepared by :

KVT

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.
 
 

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